In 2024, the banking sector recorded a combined profit of nearly 170 trillion VND from the top 20 banks, up 27% year-on-year, driven by flexible monetary policies and strong credit demand.
Hanoi (VNA) – Private banks paid a total of 47.3 trillion VND (over USD 1.79 billion) to the State budget in the 2024 fiscal year, according to CafeF’s ranking of the top 20 private banks by budget contribution.
This figure represents an increase of over 5.4 trillion VND, or about 13% compared to 2023, and 1.5 times that of 2022. Notably, 14 banks contributed more than 1 trillion VND each to the state budget, two more than the previous year.
The leading ones include Techcombank with over 6.77 trillion VND, HDBank over 6 trillion VND, VPBank 5.8 trillion VND, and ACB 5.5 trillion VND, which have consistently maintained high contributions for many consecutive years.
The next positions are Sacombank, LPBank, VIB, SHB, and TPBank, each contributing over 2 trillion VND.
In addition, Agribank - a state-owned commercial bank - stood out with a contribution of nearly 9.18 trillion VND, up 77% from 2023. It is expected to surpass 10 trillion VND in 2025, reaffirming its key role in the financial sector while supporting socio-economic development, particularly in areas of agriculture and rural development.
In 2024, the banking sector recorded a combined profit of nearly 170 trillion VND from the top 20 banks, up 27% year-on-year, driven by flexible monetary policies and strong credit demand.
ඣ Looking ahead to 2025, the sector’s outlook remains positive as the Government targets economic growth of over 8%./.
According to the State Bank of Vietnam, by the end of June 2025, total system-wide credit had grown by approximately 9.9%, with capital flows concentrating on priority sectors such as production, business, and notably, start-ups.
Lending rates continue to fall, with the average new rate now at 6.23%, down 0.7 percentage points since late 2024, easing access to credit and supporting economic growth.
Since April 2024, the banking sector has committed a total of 1.36 trillion VND to the programme. Of this amount, 1.1 trillion VND has already been disbursed, while the remaining funds will be released following the issuance of allocation guidelines by the Ministry of Ethnic and Religious Affairs (180 billion VND) and the submission of complete documents by localities (85 billion VND).
The 13th Mekong–Republic of Korea (RoK) Business Forum provided a platform to seek solutions for strengthening collaboration, overcoming economic challenges, and expanding opportunities for sustainable development in a volatile global environment.
The ratification of the agreement not only reaffirms its steadfast commitment to a rules-based, fair, and sustainable international trading order but also brings tangible domestic benefits.
Launched in 2017 as a successor to the Top 1000 Corporate Taxpayers, PROFIT500 has become a trusted 'barometer' of corporate health, reflecting not only profit scale but also financial efficiency, growth potential and social responsibility.
Ho Chi Minh City, as the country’s largest economic and financial hub, is expected to take the lead in key areas such as capital markets, banking, and commodity trading. Meanwhile, Da Nang, with its strategic location and open-minded spirit, holds great potential to become a pioneer in sustainable finance, green finance, and digital financial services.
By aligning regulatory frameworks more closely with international practices, the Vietnamese Government expects to create a more transparent, efficient and investor-friendly market environment.
The Vietnam Investment and Finance Association (VIFA) in the UK has successfully organised the event “Financial Insights 2025” in London, aiming to strengthen financial and business ties between the two countries.
Equipped with the state-of-the-art Rolls-Royce Trent 700 engine, the A330 aircraft will immediately be put into operation on routes to Australia, Kazakhstan, India, Japan and Europe, offering passengers a modern and comfortable travel experiences.
To deliver on the goal, the document highlighted the need to remove such barriers as pre-funding requirement for foreign investors ahead of trades while the central counterparty clearing (CCP) is being developed. Transparency on foreign ownership limits should be enhanced across all areas, together with streamlined registration procedures for account opening and indirect capital registration.
From September 15, commercial banks and foreign bank branches must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital.
The State Bank of Vietnam set the daily reference exchange rate at 25,216 VND/USD on September 15, unchanged from the last working day of the previous week.
One of the key growth drivers for the paper packaging industry is the boom in e-commerce, FiinGroup reported, forecasting that the size of Vietnam's e-commerce market will reach 60 billion USD by 2030, leading to a massive demand for corrugated cartons used for shipping.
The Finance Minister's mission in the UK and Italy is expected to unlock new cooperation opportunities across multiple high-potential sectors, contributing to economic and financial cooperation between Vietnam and European countries.
The application integrates artificial intelligence (AI) and is capable of analysing images of wood cross-sections, providing identification results with an accuracy of up to 98.6% in less than one second.
The EU is among the world’s top three importers of farm produce, but Vietnam holds only a 2% share – still modest compared to its agricultural production capacity and potential, which indicates vast growth potential in the EU if backed by a proper strategy.
Vietnam’s stock market has emerged as a key driver of economic growth, serving as a channel for medium- and long-term capital mobilisation and a launchpad for businesses to enhance governance and financial transparency, said insiders.
With clear planning and a complete legal framework, Vietnam could draw private firms’ participation in the project. This is not only about mobilising capital, but also about fostering supporting industries, improving management capacity, and advancing sustainable economic and social development.
The roundtable was regarded as one of the largest international aviation cooperation events held in Vietnam this year. It was positioned as an investment promotion platform, where businesses from both countries - particularly in the fields of aviation and hospitality - had the opportunity to meet, exchange insights, and explore new avenues for cooperation.
State-run Airports Corporation of Vietnam (ACV) has proposed establishing an integrated air logistics centre and non-tariff zone at Long Thanh International Airport in Đồng Nai Province with an aim to turn it into a regional cargo gateway.
In the long term, greater transparency in project listings, administrative reform, and synchronised infrastructure investment will help position HCM City as a real estate hub in Southeast Asia. The city has the opportunity not only to attract FDI into real estate, but also to expand into finance, asset management, and associated services.
